M&A Deal Summary

Bayerische Motoren Werke, AUDI and Daimler Acquire Nokia - HERE Digital Mapping and Location Services Business

On August 3, 2015, Bayerische Motoren Werke, AUDI and Daimler acquired information technology company Nokia - HERE Digital Mapping and Location Services Business from Nokia for 2.8B EUR

Acquisition Highlights
  • This is Bayerische Motoren Werke’s 1st, AUDI’s 1st and Daimler’s 1st transaction in the Information Technology sector.
  • This is Bayerische Motoren Werke’s , AUDI’s and Daimler’s 3rd largest (disclosed) transaction.
  • This is Bayerische Motoren Werke’s 1st, AUDI’s 1st and Daimler’s 1st transaction in Finland.

M&A Deal Summary
Date 2015-08-03
Target Nokia - HERE Digital Mapping and Location Services Business
Sector Information Technology
Buyer(s) Bayerische Motoren Werke
AUDI
Daimler
Sellers(s) Nokia
Deal Type Divestiture
Deal Value 2.8B EUR

Target

Nokia - HERE Digital Mapping and Location Services Business

Finland
HERE is a provider of navigation, mapping and location services. The Company builds high-definition (HD) maps and combine them with cloud technology to enable rich, real-time location experiences in a broad range of connected devices - from smartphones and tablets to wearables and vehicles.

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Buyer(S) 3

Buyer

Bayerische Motoren Werke

Munich, Germany

website

Category Company
Founded 1916
Sector Automotive
Employees120,726
Revenue 142.6B EUR (2022)
DESCRIPTION
Entrance to BMW's production facility in Greer, South Carolina.
Entrance to BMW's production facility in Greer, South Carolina.

Bayerische Motoren Werke is a global manufacturer of automobiles and motorcycles. Bayerisch Motoren Werke was founded in 1916 and is based in Munich, Germany.

DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 2
Country (Finland) 1 of 1
Year (2015) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 HERE Maps

Chicago, Illinois, United States

HERE Maps is a provider of mapping and location services.

Buy -
Buyer

AUDI

Ingolstadt, Germany

website

Category Company
Sector Automotive
Revenue 55.7B EUR (2019)
DESCRIPTION

AUDI is a German automobile manufacturer that designs, engineers, manufactures and distributes automobiles. AUDI is based in Ingolstadt, Germany.

DEAL STATS #
Overall 3 of 5
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 2
Country (Finland) 1 of 1
Year (2015) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-18 Ducati

Bologna, Italy

Ducati is the European manufacturer and distributor in the niche of high-performance sport motorcycles with a 6.3% market share in the sport segment of the high displacement road market (greater than 500 cc). Ducati’s headquarters and manufacturing operations are based in Bologna (Italy).

Buy €900M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 HERE Maps

Chicago, Illinois, United States

HERE Maps is a provider of mapping and location services.

Buy -
Buyer

Daimler

Stuttgart, Germany

website

Category Company
Founded 1886
Sector Automotive
Employees289,643
Revenue 50.9B EUR (2022)
DESCRIPTION

Daimler with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans and Daimler Buses, is a global producer of premium passenger cars and heavy- and medium-duty trucks and buses. Daimler was founded in 1886 and is based in Stuttgart, Germany.

DEAL STATS #
Overall 5 of 8
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 2
Country (Finland) 1 of 1
Year (2015) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 MTU Detroit Diesel Australia Pty

Altona North,, Australia

MTU-DDA is a major distributor of diesel and gas engines and power systems, representing some of the most innovative and well-respected brands in the industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 HERE Maps

Chicago, Illinois, United States

HERE Maps is a provider of mapping and location services.

Buy -

Seller(S) 1

SELLER

Nokia

Espoo, Finland

website

Category Company
Founded 1865
Sector Communications
Employees86,896
Revenue 24.9B EUR (2022)
DESCRIPTION

Nokia is a Finnish communications and information technology multinational corporation. Nokia was founded in 1865 and is based in Espoo, Finland.

DEAL STATS #
Overall 6 of 10
Sector (Information Technology) 1 of 1
Type (Divestiture) 6 of 10
Country (Finland) 5 of 7
Year (2015) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-25 SAC Wireless

Schaumburg, Illinois, United States

SAC Wireless, is a self-performing provider of infrastructure and network deployment solutions. Based in Schaumburg, Illinois, SAC Wireless has a national footprint and proven performance track record working with major telecom operators.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 HERE Maps

Chicago, Illinois, United States

HERE Maps is a provider of mapping and location services.

Sell -
Mergr

Product

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